DISCLOSURE: always consult with your dedicated insurance professional prior to making changes. any information provided by me is for informational purposes only and you agree to hold me harmless by seeking my opinion.

so why did my insurance rate go up this year even though i had 0 accidents (At fault or not) and 0 tickets?

and I'm 25 next year. How much should i expect it to drop? or will it go up again?

great question.

several factors warrant a rate increase, one of the most common being reinsurance rates going up (reinsurance is insurance for insurance companies), and other individuals in the same risk pool as you had claims.

several factors warrant a rate increase, one of the most common being reinsurance rates going up (reinsurance is insurance for insurance companies), and other individuals in the same risk pool as you had claims.

Does a return of premium term life insurance policy count as cash value? Meaning can it be figured in on my PFS?

/enter accounting mode...

I assume you're asking for tax purposes? If you surrender your insurance policy any money up to the sum of all your previously paid premium payments is not taxable, any amount received over that is considered taxable income.

When I had the M3, I was paying ~$1500/year for full coverage (forget exact details). Though it was 1 of many cars on our list...

So about what % does it drop once you hit 25? or it varies?

hard to say. there is a reduction, and several factors are involved.. sex, marital status, own/rent a home, etc.

Quote:

Originally Posted by Seminole

/enter accounting mode...

I assume you're asking for tax purposes? If you surrender your insurance policy any money up to the sum of all your previously paid premium payments is not taxable, any amount received over that is considered taxable income.

/exit accounting mode...

i think this depends on the type of life insurance policy you choose..

I recently bought a low mileage 92 325ic M-Tech Appearance Pkg for over $10K (fully restore and like brand new), bluebook for this car is only like $4K, how can I ask my insurance to cover the comprehensive for the value that I got the car for (in my case for like $12K)? It's too "new" to quantify as a Classic.

I recently bought a low mileage 92 325ic M-Tech Appearance Pkg for over $10K (fully restore and like brand new), bluebook for this car is only like $4K, how can I ask my insurance to cover the comprehensive for the value that I got the car for (in my case for like $12K)? It's too "new" to quantify as a Classic.

I hit a raccoon on the highway about a month ago in my Jetta. Took the car to the dealer to get fix. Total damage was almost $2500. They had to replace my front bumper. When the car was "completed" the bumper wasn't even close to the same color as the rest of my car. Had them repaint it twice. The color still isn't 100% correct but I had to take my car because I had 5 interviews at 4 different companies over the next 7 business days. I refuse to let the same body shop attempt to repaint the bumper again. They couldn't get it right during the 3 times they painted the bumper. Am I going to have a problem taking the car somewhere else to have to bumper painted the right color?

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Not putting miles on your Ferrari is like not f*cking your girlfriend so she'll be more desirable to her next boyfriend.

I hit a raccoon on the highway about a month ago in my Jetta. Took the car to the dealer to get fix. Total damage was almost $2500. They had to replace my front bumper. When the car was "completed" the bumper wasn't even close to the same color as the rest of my car. Had them repaint it twice. The color still isn't 100% correct but I had to take my car because I had 5 interviews at 4 different companies over the next 7 business days. I refuse to let the same body shop attempt to repaint the bumper again. They couldn't get it right during the 3 times they painted the bumper. Am I going to have a problem taking the car somewhere else to have to bumper painted the right color?

you shouldn't. you pay a premium to be indemnified. your carrier is obligated to repair your car to the condition it was in before you hit said animal.

tell the carrier the issues you are having and they will either recommend a body shop or allow you to choose another.

I recently bought a low mileage 92 325ic M-Tech Appearance Pkg for over $10K (fully restore and like brand new), bluebook for this car is only like $4K, how can I ask my insurance to cover the comprehensive for the value that I got the car for (in my case for like $12K)? It's too "new" to quantify as a Classic.